Nuveen LLC bought a new position in Radware Ltd. (NASDAQ:RDWR – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 194,876 shares of the information technology services provider’s stock, valued at approximately $4,213,000. Nuveen LLC owned 0.46% of Radware as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. increased its stake in Radware by 2.4% in the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider’s stock worth $813,000 after purchasing an additional 855 shares during the period. Geode Capital Management LLC increased its stake in Radware by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider’s stock worth $1,795,000 after purchasing an additional 902 shares during the period. Deutsche Bank AG increased its stake in Radware by 5.6% in the fourth quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 1,040 shares during the period. Two Sigma Securities LLC increased its stake in Radware by 16.6% in the fourth quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 1,545 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Radware by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider’s stock worth $416,000 after purchasing an additional 2,960 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.
Radware Trading Up 0.8%
Shares of Radware stock opened at $24.92 on Wednesday. Radware Ltd. has a 12 month low of $18.46 and a 12 month high of $31.57. The stock’s fifty day moving average price is $27.37 and its 200-day moving average price is $24.35. The firm has a market cap of $1.06 billion, a P/E ratio of 77.88 and a beta of 0.97.
Wall Street Analyst Weigh In
A number of research firms have weighed in on RDWR. Jefferies Financial Group increased their target price on Radware from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Wolfe Research began coverage on Radware in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Finally, Barclays restated an “overweight” rating and set a $35.00 price target (up previously from $30.00) on shares of Radware in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.
Check Out Our Latest Stock Report on RDWR
About Radware
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
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